
Cheap Homes for Rent in Riverdale, MI from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Riverdale.


501 S University Ave

1827 Gilbert St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

509 E Michigan St

1024 E Chippewa St

1807 Union Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Riverdale, MI Local Guide

How much does it cost to rent a home in Riverdale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverdale 2 Bedroom Homes for Rent | $1,276 | $595 | $2,500 |
| Riverdale 3 Bedroom Homes for Rent | $1,404 | $650 | $2,200 |
| Riverdale 4 Bedroom Homes for Rent | $1,772 | $980 | $2,607 |
| Riverdale 5 Bedroom Homes for Rent | $1,333 | $1,250 | $1,400 |
Browse Top Homes for Rent in Riverdale
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Riverdale, MI Local Guide
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Cheapest Available Riverdale Apartments for Rent and Nearby
 The cheapest available apartment rental in Riverdale, MI is a 1 Bed unit found at Cranbrook Terrace - Senior Community priced from $543. Parkside Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $598. Here is today’s list of the most affordable Riverdale apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cranbrook Terrace - Senior Community | One Bedroom | 1BR,1BA | $543 |
| Parkside Apartments | One Bedroom | 1BR,1BA | $598 |
| Wright Ave Apartments | One Bedroom | 1BR,1BA | $600 |
Best Value Apartments for Rent in Riverdale, MI and Nearby
As of May 28, 2026 the best value apartment in the Riverdale area is the $0.27 price per square foot D3 Model at Village at Bluegrass in the starting from $500. The second greatest value Riverdale apartment is the Townhome Model at Appian Way Apartments starting at $425 with a $0.30 price per square foot . Here is today’s list of the best values for Riverdale apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Village at Bluegrass | D3 | 4BR,4BA | $0.27 |
| Appian Way Apartments | Townhome | 4BR,2BA | $0.30 |
| Cherry Street Town Houses | Unit 12 | 4BR,1.5BA | $0.95 |
| Michigan Edgewood | 4 Bed/1.5 Bath | 1BR,1.5BA | $1.08 |
| Arboretum Apartment Homes | Three Bedroom Two Bath | 3BR,2BA | $1.05 |
| The Edge at 1815 - Student Housing | Two Bedroom Two Bath Apartment *Per Person Rates | 2BR,2BA | $0.51 |
| Mary Court Place Apartments | Townhome | 2BR,1BA | $0.88 |
| Circle Shore Apartments | Circle Shore | 2BR,1BA | $1.06 |
| Cranbrook Terrace - Senior Community | One Bedroom | 1BR,1BA | $0.87 |
| Parkside Apartments | One Bedroom | 1BR,1BA | $1.04 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Riverdale
What type of rentals are currently available in Riverdale?
There are currently 58 Apartments for Rent in Riverdale, MI with pricing that ranges from $425 to $1,702. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverdale ranging from $595 to $2,607.
What is the current price range for Rental Homes in Riverdale?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverdale ranges from $595 to $2,607 with an average monthly rent of $1,354.
How much are larger Three and Four Bedroom Rentals in Riverdale?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Riverdale range from $975 to $1,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $2,200. Four Bedroom Single-Family rentals are also available starting from $980 and Four Bedroom Apartments start at $425.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.